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Odisha registers all time high revenue generation

Press Trust of India  |  Bhubaneswar 

The total revenue generation in has reached all time high at the end of 2017-18 fiscal, a said.

"The total revenue collection during 2017-18 has been to the tune of Rs 84,793 crore. This is the all time high revenue generation in the state and around 22.24 per cent of the total GSDP," T K Pande said.

Revenue collection in 2017-18 also grew by around 14 per cent in comparison to 2016-17, Pande said at the all Secretaries meeting presided over by A P Padhi.

The total collection in the fiscal year 2016-17 was around Rs 74,229 crore which grew up to Rs 84,793 crore in 2017-18, he said.

Congratulating the secretaries for greater revenue generation, Padhi directed all of them to scale up budgeted utilisation during May and June in the current financial year.

Secretaries were also asked to look into the engagement of their departments with citizens through social media and respond to the queries, grievances and feedbacks posted by the people.

Own tax revenue of the state marked a growth of 16.22 per cent over the last year with total collection of Rs 35,912 crore. The debt stock was at 17 per cent of GSDP, well within the prescribed limit of 25 per cent, Pande said.

The total revenue collection from own tax sources has grown around 45 per cent over same period of last fiscal year. The total collection by April, 2018 has been Rs 1888 crore against that of Rs 1302 crore by April, 2017, he said.

Similarly, the revenue collection from non-tax sources by April, 2018 have grown around 40 per cent with a total collection of Rs 608 crore against total collection of Rs 434 crore by April, 2017.

He said utilisation of budgeted allocation by end of April, 2018 in infrastructure sector, has reached Rs 502 crore showing a growth of 2 per cent over the same period of last fiscal year.

The expenditure in social sector has also gone up by more than 100 per cent over the corresponding period of the previous year. The total expenditure in social sector by end of April, 2018 has been around Rs 548 crore against that of Rs 262 crore of the last fiscal year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 19:50 IST
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